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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: pcstel who wrote (145748)9/11/2014 2:12:29 PM
From: tejek  Read Replies (1) | Respond to of 149317
 
<Fannie Mae and Freddie Mac ended up buying the crap loans that had been created. In that way, they were enablers<

Exactly.. If we had oversight and regulation over the "enablers", then there would have been no market to sell the "crap loans too". The Securities market would not have exploded.


If Bush and Congress had been doing their jobs, there wouldn't have been crap loans to buy in the first place.